Hosking Partners LLP Raises Stake in Cemex SAB de CV (CX)

Hosking Partners LLP lifted its position in Cemex SAB de CV (NYSE:CX) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,668,802 shares of the construction company’s stock after purchasing an additional 524,740 shares during the quarter. Cemex SAB de CV comprises about 1.3% of Hosking Partners LLP’s investment portfolio, making the stock its 19th biggest position. Hosking Partners LLP’s holdings in Cemex SAB de CV were worth $57,516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. 1st Global Advisors Inc. increased its holdings in shares of Cemex SAB de CV by 2.1% in the second quarter. 1st Global Advisors Inc. now owns 61,810 shares of the construction company’s stock worth $582,000 after purchasing an additional 1,288 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Cemex SAB de CV by 21.7% in the second quarter. Bank of New York Mellon Corp now owns 25,719 shares of the construction company’s stock worth $242,000 after purchasing an additional 4,578 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Cemex SAB de CV by 34.9% in the second quarter. Advisor Group Inc. now owns 19,336 shares of the construction company’s stock worth $180,000 after purchasing an additional 5,001 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of Cemex SAB de CV by 27.2% in the third quarter. BB&T Securities LLC now owns 34,531 shares of the construction company’s stock worth $313,000 after purchasing an additional 7,379 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Cemex SAB de CV by 43.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,454 shares of the construction company’s stock worth $296,000 after purchasing an additional 9,573 shares during the last quarter. 39.68% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. ValuEngine lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup upgraded Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, December 19th. Santander lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. dropped their price target on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Cemex SAB de CV has a consensus rating of “Buy” and a consensus target price of $10.86.

Cemex SAB de CV (NYSE:CX) opened at $7.38 on Tuesday. The company has a market capitalization of $10,800.00, a PE ratio of 17.57, a P/E/G ratio of 0.91 and a beta of 1.32. Cemex SAB de CV has a 12-month low of $7.09 and a 12-month high of $10.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.64 and a quick ratio of 0.47.

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About Cemex SAB de CV

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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